Associate, Balance Sheet and Capital Management - New York, United States - Sumitomo Mitsui Banking Corporation

Sumitomo Mitsui Banking Corporation

Verified Company

New York, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

SMBC Group is a top-tier global financial group.

Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance.

The Group has more than 130 offices and 80,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan.

SMFG's shares trade on the Tokyo, Nagoya, and New York (NYSE:
SMFG) stock exchanges.

In the Americas, SMBC Group has a presence in the US, Canada, Mexico, Brazil, Chile, Colombia, and Peru.

Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients.

It connects a diverse client base to local markets and the organization's extensive global network. The Group's operating companies in the Americas include Sumitomo Mitsui Banking Corp.

(SMBC), SMBC Nikko Securities America, Inc., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd.

The anticipated salary range for this role is between $75,000.00 and $124, The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire.

The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.

Role Description:

Role Description:

The Balance Sheet and Capital Management Function manages the U.S. capital position of SMBC Americas Holding and its major subsidiaries. This function provides support to senior management and other business stakeholders in the Strategic Planning Department, Americas Division ("SPDAD)". U.S. Treasury reports directly to the U.S. Chief Financial Officer ("U.S. CFO").

The function is responsible for a comprehensive capital management framework that incorporates setting targets, monitoring/managing current capital levels, and performing SMBC AH testing in partnership with risk management department, head-office stakeholders, and key front office personnel.

Additionally, the balance sheet and capital management team is responsible for ensuring an effective and efficient use of SMBC U.S.

Operations balance sheet with a goal of improving return on capital measures for the Americas Division.

Role Objectives:

Integrate balance sheet capital management and forecasting methodologies within the AD CFO/CUSO Treasury organization.
Explore data backtesting on various portfolio segments to determine whether additional segmentation variables enhance risk separation and discrimination.
Update relevant policies relating to either treasury fields such as capital management policy, capital distribution framework, and PPNR models.
Track changes and updates for broader project management initiatives by working with key stakeholders and elevate material items to senior leadership.
Develop and administer new work streams as needed throughout the project lifecycle for various functions within the capital stress testing process, group policies and procedures, and other treasury functions.
Assessment of the above across the continuum of budget, stress, and resolution forecast scenarios

Qualifications and Skills:

Key Competencies:

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Partnership and Collaboration Skills: Strong communication skills required to negotiate internally. Strong ability to influence without authority to guide and convince others, including members of own team and colleagues in other areas of the bank.
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Communication:Produce senior management ready reoccurring and ad-hoc packages for CUSO Treasurer, U.S. CFO and other key stakeholders inclusive of financial results, peer comparisons, what-if analysis with regards to new initiatives and/or new business.
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Project Management: Ability to maintain administrative workflows to support the ongoing needs of various initiatives for the broader team on a regular basis.
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Data as a Change-Agent: Use data to support conclusions and craft rationale for modeling changes and document to SR 12-7 and SR 15-19 standards.
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Forecasting: Collaborate to develop forecasting processes to enable entity, business, and regional views of both local and global financial resource consumption and constraints.

Qualifications and Skills:

3+ years of working experience in financial industry in Finance, Treasury, or Risk departments prior experience in CCAR/DFAST.
Bachelor's degree in finance, accounting, mathematics, computer science or related field, M